Beavercreek bike shop expected to close after bankruptcy filing

The Performance Bicycle in Beavercreek is expected to close.

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The Performance Bicycle in Beavercreek is expected to close.

Low-cost bike shop Performance Bicycle in Beavercreek is expected to close after its parent company filed for bankruptcy Friday.

An email advertising the stores closure was sent to shoppers today, offering Black Friday sales up to 40 percent off.

“So far our company has not said anything is set in stone, but there are signs in the store saying that we are closing,” said Kyle Shriver, the manager of the store at 4466 Indian Ripple Road in the Greene Crossing Shopping Center.

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Performance Bicycle’s parent company Advanced Sports Enterprises filed for bankruptcy in North Caroline Friday, according to court records.

In a liquidation agreement, ASE agreed to close 40 of its retail locations, which could be amended to include more store locations, according to court records. There are more than 100 total stores in 20 states.

There are also Performance Bicycle shops at the Kenwood shopping center near Cincinnati and in Columbus.

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